Janus Electric Holdings Limited · ASX:JNS
Janus Electric — Geodynamics — Shareholder Meeting (November 2013)
21 slides from Janus Electric's shareholder meeting presentation, Nov 18, 2013
Slide 1: Geodynamics Limited - 2013 Annual General Meeting
GEODYNAMICS LIMITED - 2013 Annual General Meeting
Slide 2: Important Information
Important Information Disclaimer Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect and these statements speak only as of the date of this presentation. This presentation should not be relied upon as a recomm
Slide 3: 2013 Annual General Meeting
2013 Annual General Meeting SHAREHOLDER PRESENTATION: • 2013 Highlights • Habanero Project • Savo Island Project • New Opportunities • Company Outlook GEODYNAMICS LIMITED - 2013 Annual General Meeting 3
Slide 4: 2013: a year of achievement
2013: a year of achievement • Completion of Habanero Pilot Plant Trial • Generation of Australia's first Enhanced Geothermal Systems (EGS) derived power • Excellent safety record throughout campaign • Strengthened balance sheet • Securely funded to progress new projects and consider further acquisit
Slide 5: Habanero Project achievements
Habanero Project achievements Geodynamics has successfully executed its field program at Habanero delivering key milestones over the past two years. GEODYNAMICS LIMITED - 2013 Annual General Meeting
Slide 6: 1 MWe Habanero Pilot Plant trial
1 MWe Habanero Pilot Plant trial The pilot plant trial was a significant event for base-load renewable energy generation in Australia and holds importance on the global scale. Key trial results: • Recorded highest open flow results at Habanero 4; stabilised flow rate of 39 kg/s • Achieved highest re
Slide 7: Closed loop temperatures
Closed loop temperatures A new maximum well-head temperature was achieved at Habanero 4 of 215°C; at the time of completing the trial the well-head temperature at Habanero 4 was still slowly rising after 160 days of production. 220 210 Flowing Temperature (°C) 200 Graph plotting wellhead temperature
Slide 8: Forecast closed-loop rates
Forecast closed-loop rates Test results indicate the potential for Habanero 4 to flow in closed loop mode at ~25 - 40 kg/s paired with a comparable injection well. 40 35 30 25 Flow Rate (kg/s) “Vee Chart” – Production and Injection - Flow Testing 20 Natural Shut-in Pressure at Habanero EGS, Nov 2013
Slide 9: Habanero Project Development
Habanero Project Development Our focus is demonstrating the feasibility of a viable small scale commercial plant to supply customers in the Cooper Basin. Next stage development proposal: • 5 - 10 MW (electrical power) or 30 – 50 MW (geothermal heat) • 6 well development concept • Lower drilling cost
Slide 10: Growth opportunities
Growth opportunities There are a range of market opportunities where geothermal is highly cost competitive and the value of its inherent characteristics are maximised. Markets with: • Growing power demand and shortage of installed generation capacity • High cost diesel power markets • High local tar
Slide 11: Savo Island Exploration
Savo Island Exploration The project aims to deliver lower end user prices, improved reliability, displacement of diesel consumption and reduced CO2 emissions, whilst providing an attractive return to investors. Solomon Islands project characteristics: • Indications of high temperatures in excess of
Slide 12: Savo Island Project Summary
Savo Island Project Summary Exploration drilling is planned for 2014 to prove a geothermal reserve capable of supporting an initial 20MW project. Project progress and key planned activities: • Farm-in joint venture with Kentor Energy announced in November 2012 • Stage One farm-in completed in April
Slide 13: Savo Island Project Summary
Savo Island Project Summary Land owner mapping has been undertaken and drilling targets have been identified in preparation for exploration drilling. Areas of interest are located in the south-east quadrant on Savo Island. GEODYNAMICS LIMITED - 2013 Annual General Meeting 13
Slide 14: KUTh Energy Takeover Offer
KUTh Energy Takeover Offer Geodynamics and KUTh Energy (ASX: KUT) entered into a conditional off market takeover bid agreement in September under which Geodynamics has the intention to acquire all of the issued ordinary shares in KUTh. Offer snapshot: • 1 Geodynamics share for every 5.5 KUTh shares,
Slide 15: KUTh Takeover Rationale
KUTh Takeover Rationale Together with the Savo Island Project, the proposed acquisition of KUTh will add high quality pacific island projects that can be effectively developed through sharing skills, resources, people and equipment . Takeover rationale: • Excellent fit with growth strategy • Larger
Slide 16: KUTh Energy Projects
KUTh Energy Projects KUTh Energy is a geothermal power project developer with exploration interests throughout the Pacific and Australia. Project portfolio: • Takara Geothermal Project, Efate, Vanuatu Holds 30 year Production Licence, located near Takara on Efate Island in Vanuatu, with exclusive ri
Slide 17: Year ahead
Year ahead Geodynamics has a defined program and clear goals for 2014. Cooper Basin Development: • Evaluation of plant trial results • Field Development Plan and Feasibility Study • Small-scale commercial development proposal • Secure local customer agreement for supply of power and/or heat Savo Isl
Slide 18: Financial Management
Financial Management Our aim is to make the Company as financially strong as possible to ensure we are not reliant on repeated capital raisings. Demonstrated record of financial management: • Sale of Rig 200 - $21 million (GDY interest 70%) • Receipt of Research and Development Tax Rebate - $22.2 mi
Slide 19: Geodynamics has delivered strong operational results in 2013
Geodynamics has delivered strong operational results in 2013 and is well equipped to advance new projects this financial year. • Completion of major program of work at Habanero; demonstrating technical capability in EGS drilling, reservoir and surface engineering • Strong pipeline of opportunities o
Slide 20: Questions?
Questions? For audiocast participants, your questions are welcome: • To submit a question please use the “Email Presenter” function on the bottom left hand corner of your screen. • Or email info@geodynamics.com.au Note: As this is not a live interactive Q&A we will respond to your questions through
Slide 21: GEODYNAMICS LIMITED - 2013 Annual General Meeting
GEODYNAMICS LIMITED - 2013 Annual General Meeting